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Vat querie

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mckeever | 20:02 Wed 24th Jan 2007 | Business & Finance
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what are the implications of paying vat on goods and then selling them without charging vat
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Avatar Image Harley
None,providing you stay under the VAT registration limit of �61,000 pa. There are plenty of businesses that buy goods inc VAT and sell them on eg hairdressers selling hair treatment products.

I guess you are selling for more than you pay !
22:32 Wed 24th Jan 2007

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